ZUG, Switzerland, April 16, 2024–(BUSINESS WIRE)–XEROF, a Swiss cryptoasset fintech, announced the launch of its web3 services platform. Its new offerings, including third-party payments and investment solutions, are designed to reduce the frictions between digital and fiat currencies for web3 and crypto-native companies, in particular those who struggle to access fiat banking services. Web3 businesses
Artificial intelligence (AI) has turned out to be an incredible catalyst for many companies over the past year or so, and many names that are capitalizing on the growing adoption of this technology have witnessed a rapid rise in their share prices. For instance, an investment of $10,000 in Nvidia at the beginning of 2023
American workers are becoming more productive. Recent analysis from Bank of America showed the average revenue per worker for companies in the S&P 500 hit an all-time high in February after 15 years of no gains. This is one of several signs that labor productivity is rebounding after slumping during 2022. Some on Wall Street think
A month after shaking the regional bank industry with a surprise provision for loan losses, New York Community Bancorp rattled nerves again by announcing a $2.4 billion December quarter earnings hit. At the same time, it said it identified “material weaknesses” in its loan review process and abruptly changed CEOs, causing its stock to tumble. The bank
The reasons for the sale tell investors a lot about trading, investing, small capitalization stocks, and the realities of the stock market. Intuitive Machines stock started the month under $4 a share with about two million shares trading each day. The stock price, volatility, and trading volume increased materially as the company embarked on its
Superfluid, an Ethereum-based token streaming protocol that enables real-time crypto transfers, has raised $5.1 million in a strategic funding round. Fabric Ventures led the round, with Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten, and others participating, Superfluid said Thursday. The round closed late last year, Superfluid co-founder and CEO Francesco George Renzi told
If you are a serious investor, your sweetheart was likely mad at you on Valentine’s Day. That’s because you were studying the 14,000 different investment positions that hedge fund giant Citadel had at year-end. Every Feb. 14, big money managers are required to file 13F forms with the U.S. Securities and Exchange Commission, revealing many
Superform Labs, a crypto startup founded by two former BlockTower Capital investors and a former Microsoft product manager, has raised $6.5 million in seed and angel funding rounds. Polychain Capital led the seed round, with BlockTower Capital, Maven 11, Circle Ventures, and other firms participating, Superform said Wednesday. Angel investors in the round included Arthur
Published 1 minute earlier on Bankrupt crypto lender Genesis Global Capital has filed a new motion with the U.S. Bankruptcy Court in the Southern District of New York seeking authorization to sell approximately $1.6 billion in trust assets. According to the filing, the assets held by Genesis, a subsidiary of the Digital Currency Group, include
Venture Smart Financial Holdings Ltd. (VSFG), a Hong Kong-based financial services firm, is preparing to apply for a spot Ethereum exchange-traded fund (ETF) in anticipation of potentially launching its spot bitcoin ETF in the first quarter. In a Friday interview with The Block, VSFG Chairman Lawrence Chu said that the firm is in the final